How do I place a recurring crypto order?
The Skrill Cryptocurrency Service is currently available in selected countries only. If you don’t see a Crypto section in your account, this means you can’t perform crypto transactions.
Our recurring order feature allows you to place trades automatically based on predefined criteria. Recurring orders help you buy crypto in smaller portions at regular time intervals instead of placing a single larger trade.
It is a trading strategy called Dollar Cost Averaging, often used to lower the impact of crypto volatility on your overall purchase.
To create a Recurring order:
- Visit the Trade tab of the Crypto section.
- Select the cryptocurrency you want to buy, enter the spend amount in fiat, select how often this order to recur, the day of the event.
- Fees and the total spend amount will be displayed onscreen, review and click on Create order.
The video is shown for illustration purposes only and may not be an exact representation of the product.
How do I manage my recurring orders?
You can review, deactivate (from the Status button) and/or delete (from the trash can icon) your recurring orders at any time via the Portfolio or Trade tabs.
When are recurring orders executed?
Recurring orders are filled at 00:00 UTC on the selected date at current market prices. You can set a recurring order on a weekly, bi-weekly, or monthly basis.
What are the supported currencies?
All our cryptocurrencies are listed in the Crypto> Buy section. However, crypto to crypto trading pairs are not supported for recurring orders.
My recurring order failed. What should I do?
Due to the high volatility risk associated with cryptocurrency trading, we cannot guarantee that you will be able to buy an interest in a supported cryptocurrency at the time of your request.
Ensure your account is active and your primary balance is sufficient to complete your order. If your balance is not sufficient to complete your upcoming order, we will send a reminder 24 and 48 hours before the scheduled date.
If a recurring order fails, it will be re-attempted on the next scheduled date.
Cryptocurrencies are complex, unregulated, without consumer or financial protections. Capital Gains Tax or other taxes may apply. Prices are volatile; only risk what you can afford to lose.